Taxclick.org provides free updates to taxpayers, finance professional and finance students on direct taxes, indirect taxes, company law, ICAI regulation, RBI, MVAT/CST, and all other financial related issues. Another objective of the website is to make available all information regarding the professional opportunities, assistance, news, views and thoughts of other professional colleagues. If you are … Read more
To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)I GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st December, 2014 (E). In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013), the … Read more
(To be published in the Gazette of India Extraordinary Part-I, Section-I) Public Notice No. 81 (RE-2013)/2009-2014 New Delhi, Dated the 09th January, 2015 Sub: Amendment in Appendix – 30 A relating to Export Obligation Period under Advance Authorization/DFIA Schemes. 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Appendix … Read more
Most of income tax returns are filed online and taxpayers are giving the computerized printed copy as an acknowledgement of Income Tax Return, called as ITR-V. Therefore it is difficult for bankers to check the genuineness of ITR as it is just computerized printed pdf copy. Following are the two options for verification of ITR acknowledgement. Option 1 – Download … Read more
Government of India Department of Revenue PRESS RELEASE Director( Tax Policy & Legislation)-III Commissioner of Income Tax Official Spokesperson, CBDT Download draft ICDS
RBI/2014-15/73DBR.No.CID.BC.57/20.16.003/2014-15 July 1, 2014(Updated up to January 07, 2015) i) All Scheduled Commercial Banks (excluding RRBs and LABs) andii) All India Notified Financial Institutions Dear Sir / Madam Master Circular on Wilful Defaulters RBI has been receiving references from banks and other agencies seeking clarification as well as posing certain issues concerning the various guidelines … Read more
RBI/2014-15/394DGBA.GAD.No.H -2995/31.12.010/2014-15 January 7, 2015 The Chairman / Chief Executive OfficerAll agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circular DGBA.GAD.No.2528/31.12.010 (C)/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate … Read more
RBI/2014-15/395DCBR.CO.BPD (RCB).Cir.No.11/13.05.001/2014-15 January 08, 2015 The Chief Executive OfficerAll State / Central Cooperative Banks (StCBs/CCBs) Madam / Dear Sir, Gold Loan – Bullet Repayment Please refer to circular RPCD.CO.RF.BC.No.60/07.37.02/2009-10 dated March 5, 2010 wherein StCBs/CCBs were permitted to grant gold loans up to Rs. 1.00 lakh with bullet repayment option. 2. On a review, it has been … Read more
RBI/2014-15/393DCBR.BPD PCB Cir. No.10/12.05.001/2014-15 January 7, 2015 The Chief Executive OfficerAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Monitoring of Large Value Frauds by the Board of Directors Please refer to our circular UBD.No.Plan.(PCB).9/09.06.00-94/95 dated July 25,1994 advising all UCBs to constitute an apex level Audit Committee of Board (ACB). ACB may consist of … Read more
What are the types of taxes in India? There are two types of taxation in India – Direct tax and indirect tax. Direct tax Direct tax is the tax where tax is directly collected from taxpayers; it means it is tax on income. Income tax and wealth tax are the two direct taxes in India. … Read more